Donald Trump, the Republican presidential candidate, said in an interview with Bloomberg Businessweek that he would allow Federal Reserve Chair Jerome Powell to complete his term if he won the November election.
“I would let him serve it out, especially if I thought he was doing the right thing,” Trump said.
President Joe Biden had nominated Powell for a second four-year term as Fed chief in May 2022. Powell will also remain a Fed governor until January 31, 2028.
Trump’s remarks represent a noteworthy change in stance, given his historically contentious relationship with Powell.
During the Bloomberg interview, Trump also stressed that the Federal Reserve should avoid cutting interest rates before the November elections, where he faces Democrat Joe Biden.
Over the past week, Powell has been repeatedly questioned about whether the upcoming election would influence the Fed’s decision on rate cuts. Powell reiterated on Monday that he…
